July 2024
SPP
SPP’s Markets+ hit a snag after FERC issued a deficiency letter outlining 16 problems the RTO must address in the tariff it filed for the proposed Western day-ahead market in March.
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NERC plans to create a task force to address the reliability risks posed by growing adoption of electric vehicles.
Sandia National Laboratories
FERC accepted CAISO’s proposal to allow for storage resources to bid above the ISO’s $1,000/MWh soft offer cap in the real-time market to account for their intraday opportunity costs.
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Maryland has been promoting itself as a nearby, attractive alternative to Northern Virginia, and data center developers are starting to take a closer look.
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Dueling visions for New York’s proposed cap-and-invest system are being offered as state officials continue the lengthy process of codifying its details.
Senate Energy and Natural Resources Committee
The Senate Energy and Natural Resources Committee voted 15-4 to advance the Energy Permitting Reform Act of 2024 to the floor.
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New Jersey last year put an additional 62,426 new EVs on the road, a 68% increase over 2022, which has prompted some advocates to suggest the state is in reach of its goal of having 330,000 EVs in the state by 2025.
PJM
PJM capacity prices increased nearly tenfold in the 2025/26 Base Residual Auction as a trifecta of load growth, generation deactivations and changes to risk modeling shrank reserve margins.
CAISO
CAISO’s Western Energy Imbalance Market provided its 22 participants with $365.04 million in economic benefits from April to June down 4% from the same period a year ago.
MISO
June brought a 2-GW lower peak than anticipated and unchanged real-time and fuel prices from last year, MISO said in a monthly operations report.
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